Daily Target 2X Long SOFI ETF
SOFX
NASDAQ Global Market- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 4350 La Jolla Village Drive, Suite 670 San Diego CA United States of America 92122
- IPO Date
- Jan 16, 2025
- Website
- defianceetfs.com
- Similar Companies
- Business
- Defiance Daily Target 2X Long SOFI ETF (SOFX) is an exchange-traded fund that seeks daily leveraged investment results of two times (200%) the daily percentage change in the share price of SoFi Technologies, Inc. (Nasdaq: SOFI), less fees and expenses, through swap agreements and other derivatives. Launched on January 15, 2025, and issued by Defiance ETFs, a thematic and leveraged ETF sponsor founded in 2018 and headquartered in Miami, Florida, SOFX provides amplified exposure to SOFI—a financial technology company offering lending products, technology platforms, financial services including borrowing, saving, spending, investing, and insurance, primarily in the United States, Latin America, and Canada—without requiring a margin account. The fund's portfolio primarily consists of swaps on SOFI stock with counterparties such as Cantor, Marex, BMO, and Nomura; United States Treasury bills; and cash equivalents, with a net expense ratio of 1.29% and assets under management of approximately $85 million. SOFX targets sophisticated, short-term traders and investors seeking leveraged daily performance in the fintech sector, distinct from traditional ETFs due to its daily reset mechanism, leverage decay potential, and heightened volatility risks, where returns may deviate substantially from 2x SOFI's performance over periods longer than one day. In 2025, Defiance ETFs, the issuer, expanded its leveraged single-stock ETF lineup with launches including SOFX as the first 2X long product on SOFI; VSTL for Vistra Corp. in July; DKNX for DraftKings Inc. in late July; MPL and IRE for MP Materials Corp. and IREN Limited in October; and OKLS as a 2X short ETF on Oklo Inc. in November, alongside a partnership with Milliman Financial Risk Management LLC as sub-advisor for the income-focused YBMN ETF. These developments reflect Defiance's aggressive growth in thematic and leveraged strategies, building on its portfolio of over 20 ETFs focused on high-growth sectors like quantum computing, energy transition, and fintech.